Question: Multiple Cash Flows Example: if your bank account has an 8% interest rate, currently has $7,000 in it, and you are planning to deposit $4,000

Multiple Cash Flows

Example: if your bank account has an 8% interest rate, currently has $7,000 in it, and you are planning to deposit $4,000 in it at the end of each of the next 3 years, how much will your account be worth three years from today (i.e. immediately after the 3rd deposit)? How much will it be worth 4 years from today?

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